Decision details

RESOLVED:

That District Executive recommend that Full Council agree to:-

a.

approve the Net Revenue Budget for 2018/19 of £16.483m, as set out in the Revenue Account Summary (paragraph 23) and in detail in Appendix A for the District Executive and four Area Committees, subject to any final amendments;

b.

a 2018/19 Council tax increase of £5, increasing the annual Band D basic rate by 3.18% to £162.48.   This comprises £160.63 for SSDC, raising £9,746,896, and £1.85 on behalf of the Somerset Rivers Authority, raising £110,978  to transfer to Somerset Rivers Authority;

c.

approve the transfer of £468k from earmarked reserve balances to assist with the shortfall on the Transformation budget, as detailed in paragraph 50, and note the remaining balances;

d.

approve the additions to the Capital Programme for new capital bids of £1.987m as shown in Appendix E;

e.

note the Minimum Revenue Provision (MRP) Statement and Capital Prudential Indicators as attached at Appendix H.

Reason:

To recommendthe Draft Budget and proposed council tax for 2018/19 to Full Council for approval.